Friday heavy lifting saves Nifty from record nine weeks of losses. Can bulls take charge now? ↗
Nifty broke its eight-week losing streak, rising nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks led a relief rally. However, persistent FII selling, elevated US bond yields, crude oil prices and the RBI’s shift to calibrated tightening continue to cloud the market outlook.
2 sources
- The Economic Times Markets · 9 Oct, 16:12 IST
- The Economic Times Stocks · 9 Oct, 16:12 IST
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